oil sector

Venezuela boosts oil sales to China


August 14th, 2012 - 11:47 am ICT by IANS
Caracas, Aug 14 (IANS/EFE) Venezuela has increased oil sales to China to 640,000 barrels a day, the Andean nation's energy minister said."Before, we never sold a single barrel of petroleum ... Read more...

Posted in Business |

Libya jails foreign mercenaries for helping Gaddafi


June 4th, 2012 - 8:59 pm ICT by IANS
Moscow, June 4 (IANS/RIA Novosti) A Libyan military court Monday handed long prison terms to a group of Ukrainians, Belarusians and Russians accused of serving as mercenaries for slain leader ... Read more...

Posted in Politics |

Decision on petrol price rollback in a few days: Reddy (Lead)


May 25th, 2012 - 9:14 pm ICT by IANS
New Delhi, May 25 (IANS) Petroleum Minister S. Jaipal Reddy Friday said the government is monitoring the situation and would take a "definitive" view in a few days."I will ... Read more...

Posted in Business |

India seeks security of oil investments in Sudans


May 22nd, 2012 - 7:59 pm ICT by IANS
New Delhi, May 22 (IANS) With the conflict between Sudan and South Sudan escalating, India has conveyed to the leaderships of both countries the urgent need to resolve all issues ... Read more...

Posted in Business |

Ecuador signs deals to boost oil output


February 2nd, 2012 - 11:29 am ICT by IANS
Quito, Feb 2 (IANS/EFE) Ecuador has signed contracts for $1.7 billion in investment - the biggest to date in the country's oil sector - to boost output at a pair ... Read more...

Posted in Business |

Iran oil exports to South Korea up 48 percent


January 10th, 2012 - 7:48 am ICT by IANS
Moscow, Jan 10 (IANS/RIA Novosti) Iran's oil exports to South Korea rose by 48 percent in November 2011, making the Islamic Republic the second largest crude supplier to the South ... Read more...

Posted in Business |

Ghana wants Indian projects to employ local people


December 13th, 2011 - 1:19 pm ICT by IANS
Accra, Ghana, Dec 13 (IANS) Ghana's Energy Minister Joe Oteng-Adjei has cautioned Indian companies against bringing their nationals to work on contracts in the country, instead of engaging Ghanaians who could ... Read more...

Posted in World |

Benin invites Indian firms for oil and gas exploration


December 10th, 2011 - 7:30 pm ICT by IANS
New Delhi, Dec 10 (IANS) The West African country of Benin Saturday invited Indian companies to help develop its oil and gas sector."There is a lot of unexplored mineral reserves ... Read more...

Posted in Business |

Tube Investments eyes Rs.500 crore revenue


December 7th, 2011 - 5:16 pm ICT by IANS
Chennai, Dec 7 (IANS) Multi-product company Tube Investments of India Ltd is confident of sizeable orders from oil exploration, packaging and can manufacturing sectors for its industrial chains next fiscal ... Read more...

Posted in Business |

Unfazed by China, India, Vietnam sign oil deal, extradition treaty


October 12th, 2011 - 9:20 pm ICT by IANS
New Delhi, Oct 12 (IANS) Undeterred by Beijing's objections, India and Vietnam Wednesday sealed an accord for oil exploration in the South China Sea and signed half a dozen ... Read more...

Posted in Business |

Venezuela to invest $45 bn to build, maintain refineries


October 1st, 2011 - 12:58 pm ICT by IANS
Caracas, Oct 1 (IANS/EFE) State-owned Petroleos de Venezuela SA said it plans to invest $45 billion this decade to maintain its domestic refinery network in the country and build other ... Read more...

Posted in Business |

India not buying Iran oil under US pressure: CPI-M


July 29th, 2011 - 3:47 pm ICT by IANS
New Delhi, July 29 (IANS) India is not buying oil and gas from Iran because of US pressure while even some staunch American allies continue to do so, the ... Read more...

Posted in Business |

Pranab urge states to cut levies on diesel, LPG


June 27th, 2011 - 7:53 pm ICT by IANS
New Delhi, June 27 (IANS) Finance Minister Pranab Mukherjee has urged state governments to cut levies on diesel, kerosene and domestic LPG to provide some relief to the common ... Read more...

Posted in Business |

India’s oil contracts will be honoured: South Sudan


April 28th, 2011 - 7:19 pm ICT by IANS
New Delhi, April 28 (IANS) The newly-created north African country of South Sudan has assured India it be honouring all its contracts for stakes in oil wells with Indian entities ... Read more...

Posted in Business |

India, Kazakhstan sign seven strategic deals


April 16th, 2011 - 6:31 pm ICT by ANI
Astana, Apr 16 (ANI): India and Kazakhstan inked seven treaties on Saturday in Astana, including an accord in civil nuclear field and in the oil sector to consolidate their strategic partnership.At ... Read more...

Posted in National |

India keen to invest more in Sudan’s oil sector


October 30th, 2010 - 10:04 pm ICT by IANS
New Delhi, Oct 30 (IANS) India Saturday expressed keenness to invest in the oil sector of the north african state of Sudan and the latter offered to increase the supply of its ... Read more...

Posted in Business |

India keen to invest in Sudan’s oil projects


October 30th, 2010 - 9:16 pm ICT by ANI
New Delhi, Oct.30 (ANI): India and Sudan on Saturday expressed their desire to expand their cooperation in the oil and gas sector.The two countries, following a bilateral meet held today, decided to ... Read more...

Posted in National |

Ecuador’s oil exports up almost 74 percent


August 24th, 2010 - 12:29 pm ICT by IANS
Quito, Aug 24 (IANS/EFE) Ecuador's oil exports rose almost 74 percent in the first half of 2010 compared to the same period last year, although that increase was due entirely to higher ... Read more...

Posted in Business |

Brazil pledges $113 mn to fight climate change


August 20th, 2010 - 6:32 am ICT by IANS
Brasilia, Aug 20 (IANS/EFE) Brazil will allocate $113 million next year to fight climate change, an official said. Branca Americano, environment ministry's secretary for climate change, Thursday said a part of the money ... Read more...

Posted in Environment |

UAE seeks investment in non-oil sector


July 6th, 2010 - 11:34 pm ICT by IANS
Abu Dhabi, July 6 (IANS/WAM) The United Arab Emirates (UAE) has decided to promote investment in non-oil sectors to boost the country's economic diversification process. The decision to place the emphasis on ... Read more...

Posted in Business |

Now Azerbaijan seeks Indian tourists, investment


May 12th, 2010 - 11:39 am ICT by IANS
By Alkesh Sharma Chandigarh, May 12 (IANS) The Central Asian country of Azerbaijan, one of the main exporters of oil and gas to India, is looking to expand bilateral ties in areas like ... Read more...

Posted in Entertainment |

Republic of Congo backs India for UN seat


March 18th, 2010 - 5:14 pm ICT by IANS
New Delhi, March 18 (IANS) India's bid for a non-permanent seat in the UN Security Council for 2011-12 term got a boost with Republic of the Congo being the latest country ... Read more...

Posted in Uncategorized |

Venezuelan economy shrank 3.3 percent in 2009


March 3rd, 2010 - 1:57 pm ICT by IANS
Caracas, March 3 (IANS/EFE) The Venezuelan economy contracted by 3.3 percent last year amid the global recession and a decline in oil revenues, the country's central bank said. The president of the Banco ... Read more...

Posted in Business |

Budget of fiscal prudence and inflationary push (Comment)


February 26th, 2010 - 8:39 pm ICT by IANS
By Sushma Ramachandran A budget of fiscal prudence, but with underlying inflationary potential. This sums up Finance Minister Pranab Mukherjee's federal budget for 2010-11 presented in the Lok Sabha Friday -- the ... Read more...

Posted in Business |

India-Arab trade can double by 2014: Anand Sharma


February 8th, 2010 - 8:33 pm ICT by IANS
New Delhi, Feb 8 (IANS) India will strive towards doubling its trade with the Arab region by 2014, Commerce Minister Anand Sharma said here Monday. "We will look towards doubling bilateral trade ... Read more...

Posted in Business |

Panel suggests deregulation of fuel prices


February 3rd, 2010 - 6:20 pm ICT by IANS
New Delhi, Feb 3 (IANS) A government-constituted panel on oil sector reforms Wednesday suggested total decontrol of oil prices, while recommending an immediate increase in prices of kerosene by Rs.6 per litre. The ... Read more...

Posted in Business |

Deora to meet Pranab over fuel price determination


February 2nd, 2010 - 2:06 pm ICT by ANI
New Delhi, Feb 2 (ANI): Petroleum Minister Murli Deora is expected to meetFinance Minister Pranab Mukherjee on Tuesday to discuss the petroleum price rise issue.There are reports that the two ministers ... Read more...

Posted in National |

Government trying its best to control oil prices, says Murli Deora


February 1st, 2010 - 10:00 pm ICT by ANI
New Delhi, Feb. 1 (ANI): Union Petroleum Minister Murli Deora said on Monday that the government was trying its best to curb a rise in petrol and diesel prices in the ... Read more...

Posted in National |

No fuel price hike till committee submits report: Deora


February 1st, 2010 - 3:23 pm ICT by IANS
New Delhi, Feb 1 (IANS) Petroleum Minister Murli Deora Monday indicated that transport fuel prices will not increase till the Kirat Parikh committee submits its report. The Kirat Parikh committee was constituted ... Read more...

Posted in Business |

Oil firms may be given Rs.12,000 crore compensation


January 15th, 2010 - 9:47 pm ICT by IANS
New Delhi, Jan 15 (IANS) The finance ministry may offer oil marketing companies a Rs.12,020 crore as compensation for underwriting their losses -- less than half of what the petroleum ... Read more...

Posted in Business |

Deora meets Mukherjee on oil price hike, no decision taken


January 14th, 2010 - 8:32 pm ICT by IANS
New Delhi, Jan 14 (IANS) Finance Minister Pranab Mukherjee and Petroleum Minister Murli Deora, who met Thursday to discuss the proposed fuel prices hike, were unable to agree on the quantum ... Read more...

Posted in Business |

Gulf will remain dream destination for Indians: NRI industrialist (Lead)


January 8th, 2010 - 5:40 pm ICT by IANS
By T.G. Biju New Delhi, Jan 8 (IANS) The Gulf will remain a "dream destination" for Indians and there is no serious impact of the global economic slowdown in the Middle East, ... Read more...

Posted in Business |

Gulf remains dream destination for Indians: NRI industrialist


January 8th, 2010 - 3:52 pm ICT by IANS
By T.G. Biju New Delhi, Jan 8 (IANS) The Dubai World woes notwithstanding, there is no serious impact of economic slowdown in the Middle East, which will remain a dream destination for ... Read more...

Posted in Business |

India-aided textile factory opens in Chad


January 5th, 2010 - 6:20 pm ICT by IANS
N'djamena (Chad), Jan 5 (IANS) India's ties with Chad, an oil-exporting country in central Africa, acquired a new dimension with the inauguration of a New Delhi-aided textile mill by President Idriss ... Read more...

Posted in Business |

UAE-India non-oil trade worth over $44 bn, says Tharoor


October 9th, 2009 - 11:42 pm ICT by IANS
Abu Dhabi, Oct 9 (IANS) Bilateral trade between the United Arab Emirates (UAE) and India was worth $44.5 billion in 2008-2009, WAM news agency reported Friday, citing India's Minister of State ... Read more...

Posted in Business |

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